Just think the way you do and believe nothing happened. Forget what the New Home Comapny and Toll Brothers CEOs statements regarding housing.

If your statements are not backed up by facts and are not truthful. Then a person can say it’s propaganda. (Like really fake news/facts)

Anyone knows that's not how you determine actual discounts in real estate cycles.

You have to compare sold prices of similar models last year to sold prices this year... not listing/wish price to sold. That is fact not propaganda,

I am not saying nothing happened, I am determining what the extent is and if it's outside the normal ebbs/flows of real estate cycles. So far, a 5-10% drop from last year seems to be within the margin of error and I have yet to see data that proves otherwise. And if prices start going back up (like some charts indicate), that leans toward "seasonality".

Everything about this economy looks bad and we are about to slide into some shit.So people are holding their stock investment money in crappy 2.1% savings accounts and state government bonds waiting for the crash.

How will the FED kick these savings account people back into the stock market? By lowering interest rates.

Everything about this economy looks bad and we are about to slide into some shit.So people are holding their stock investment money in crappy 2.1% savings accounts and state government bonds waiting for the crash.How will the FED kick these savings account people back into the stock market? By lowering interest rates.

6 month CD @ 2.45% today. I buy CD ladder and some short term US treasury to stagger redemption dates over 6 month period. The interest is low and tax inefficient. I need to study triple tax free muni bonds & bond funds.

Everything about this economy looks bad and we are about to slide into some shit.So people are holding their stock investment money in crappy 2.1% savings accounts and state government bonds waiting for the crash.

How will the FED kick these savings account people back into the stock market? By lowering interest rates.

People are anticipating the shit to hit the fan and have been playing defensively since last year. No one believe the tariffs will come to fruition and that both side US and China will work things out. And now the tariffs is in full affects. Because of the awareness and the heighten loud decibels level of worst things would happen when the two won’t resolves, it actually soften the blow. Looks at the market and housing, it looking better.

Unless, war breakout with foreign country, I mean military actions. Then all bets are off.

Also, you have to consider the Tariff Crisis with China or China economy slowdown. The buyers are not lining up to buy like before.

Also, the salt deduction. People were like buying homes for a big time or small time tax deduction. Some people might say like a legal tax shelter. (But not any more yo!)

Maybe the RE industry should of pushed back like big league. When they were discussing/debating Trump’s tax reform.

Yes, we know about all these things but as I've explained to kenkoko, it will take more than just limiting the buying power of Chinese FCBs to make a big mark in Irvine real estate, where they exit, others will enter... just like Cali companies (shout out to morekaos).

And the Fed will push where the RE industry can't, just like 10 years ago, the Fed knows the how important home prices are and will do things to prevent a free fall.

The median home value in Irvine is $856,000. Irvine home values have gone up 0.4% over the past year and Zillow predicts they will fall -1.7% within the next year. The median list price per square foot in Irvine is $492, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $436. The median price of homes currently listed in Irvine is $999,000 while the median price of homes that sold is $810,700. The median rent price in Irvine is $3,500, which is higher than the Los Angeles-Long Beach-Anaheim Metro median of $3,200.

But who knows, maybe that's just a blip and prices are going back down... but that's not usually the case as we move into the summer.